Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-01-13-Speech-2-292"

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"en.20040113.12.2-292"2
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"Madam President, Commissioner, I welcome your second declaration – that the Commission is asking the ECJ to clarify the procedural aspects of budget monitoring – very warmly. The euro – let us admit it for once – has achieved far greater stability in the five years that we can look back on than the Deutschmark did. On the other hand, the euro is a difficult currency, for it runs alongside not one but fifteen national finance and economic policies, has an ‘open-door’ policy, and is still a young currency. It is therefore especially important to enforce Article 104 of the Treaty and the associated Stability Pact rigorously, and the eight countries and their citizens who have done their homework have a right to expect this. That is why the Commission is acting properly by clarifying these rights and enforcing budget discipline. That in itself serves to boost confidence in this new currency. We still have a lot of work ahead of us. Thank you for this decision."@en1

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